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News and views on Israel, Zionism and the war on terrorism.

October 14, 2002

Just Say No

California passes legislation that opposes any anti-Israeli divestment. And that's a lot of money.

ACR 235, Richman. Public pension funds: University of
California: divestiture of funds.
This measure would urge the University of California to reject
calls to divest its pension funds from companies with ties to Israel.
The measure would also urge leaders of the Palestinian Authority to
clearly renounce terrorism as a form of political expression and to
embrace peaceful negotiations.

WHEREAS, The University of California is an independent academic
institution with a strong reputation for academic freedom, free
speech, and intellectual honesty; and

WHEREAS, The University of California has collected and invested
more than $50 billion of pension funds on behalf of its employees;
and

WHEREAS, Historically, political groups have tried to use the
financial power of public pension funds to advance their political
goals; and